SG Americas Securities LLC Reduces Stake in iShares Core S&P Mid-Cap ETF

SG Americas Securities LLC has significantly reduced its investment in the iShares Core S&P Mid-Cap ETF (NYSEARCA:IJH) by 84.4% during the third quarter, as reported in the firm’s latest SEC filing. Following this reduction, the company holds 18,485 shares after selling off 99,654 shares during this period. According to their most recent filing, the value of SG Americas Securities LLC's holdings in the iShares Core S&P Mid-Cap ETF is approximately $1.15 million.

Other institutional investors have also adjusted their positions in the iShares Core S&P Mid-Cap ETF. Northwestern Mutual Wealth Management Co. increased its stake by 3.3% in the second quarter, bringing its total to 100,490,787 shares valued at about $5.88 billion after acquiring an additional 3,196,592 shares. Similarly, LPL Financial LLC raised its stake by 4.0%, owning 40,062,625 shares worth approximately $2.34 billion after gaining another 1,523,264 shares in the previous quarter.

JPMorgan Chase & Co. made a substantial impact, increasing its position in iShares Core S&P Mid-Cap ETF by an impressive 407.0% in the first quarter. The bank now holds 38,027,122 shares valued at around $2.31 billion, following the acquisition of 30,526,866 additional shares. Envestnet Asset Management Inc. also raised its stake by 83.0% during the second quarter, resulting in ownership of 24,275,880 shares worth $1.42 billion after buying 11,011,385 more shares. Raymond James & Associates similarly boosted its holdings by 1.2%, owning 18,872,281 shares valued at $1.10 billion after increasing its share count by 216,899.

Current Trading Status of iShares Core S&P Mid-Cap ETF

As of recent trading, shares of the iShares Core S&P Mid-Cap ETF opened at $61.96. The ETF has experienced fluctuations over the past year, with a low of $46.30 and a high of $62.86. Its 50-day moving average stands at $60.69, while the 200-day moving average is recorded at $59.68. Overall, the ETF boasts a market capitalization of $86.74 billion, a price-to-earnings ratio of 3.28, and a beta of 1.09, indicating moderate volatility compared to the market.

Overview of the iShares Core S&P Mid-Cap ETF

The iShares Core S&P Mid-Cap ETF aims to mirror the investment results of U.S. mid-cap stocks, represented by the S&P MidCap 400 Index. Investors typically choose this ETF for exposure to mid-sized companies that have the potential for substantial growth while maintaining diversification across various sectors.

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